The Baltic Exchange’s dry bulk freight index, which monitors rates for ships carrying dry bulk commodities, advanced for a third session on Wednesday, rising about 1.3% to its highest since May 15 at 3,124 points, amid stronger demand across all vessels segments.

The capesize index, which typically transports 150,000-ton cargoes including iron ore and coal, increased 1.5% to a two-week high of 5,272 points, and the panamax index, which usually carries 60,000 to 70,000 tons of coal or grain, went up 1.5% to its highest since May 20 at 2,292 points.

Among smaller vessels, the supramax index added 3 points, or 0.3%, to 1,562 points.
Source: Trading Economics